With the record cold giving way to more seasonal winter temperatures, natural gas prices for Thursday delivery continued to retreat on Wednesday. Losses were widespread, ranging from a low of just 10 cents in Southern California to multiple-dollar losses at points around New York City.
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Lawmakers Make Last Ditch Effort to Halt California Fracking
Joining a national opposition group and an anti-hydraulic fracturing (fracking) academic, nine state legislators made a last ditch stand Tuesday, writing Gov. Jerry Brown, urging him to impose a moratorium on the use of fracking.
Parched California Could be Threat to Hydro Power
California officials last Friday sounded the first early warnings of a severe drought gripping the state if unusually warm, dry weather conditions continue and threaten to curtail electric hydropower supplies next spring and summer.
New Colorado Emission Rules Could Cost E&Ps $100M
Colorado’s air quality regulators were told Tuesday by the oil and natural gas industry that the state’s proposed rules aimed at curbing greenhouse gas (GHG) emissions could cost oil/gas operators more than $100 million to comply with the cost-per-ton of eliminated emissions being significantly higher than previously estimated by the state.
Storage Operator Trying to Duck Market Risk, FERC Told
A Gulf Coast natural gas storage operator’s application to abandon capacity solely due to weak market conditions is contrary to the public interest, would set a dangerous precedent if granted, and is not supported by FERC policy, the Commission was told in a Tuesday filing.
EIA Reports Renewed Production Strength in October
U.S. natural gas production, which had seen an uncharacteristic stumble in September, recovered in October, with the shale-rich “Other States” category once again helping to push the national total higher, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.
API Study Shows Infrastructure Investment Climbing Higher
The American Petroleum Institute (API) on Tuesday unveiled a new study showing that capital spending on oil and gas midstream and downstream infrastructure increased by 60% between 2010 and 2013, from $56.3 billion to $89.6 billion.
Texas LNG Project Files for Export OK
Texas LNG LLC is seeking export authorization from the U.S. Department of Energy for a project that would send up to 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) worldwide under tolling agreements.
EIA: ‘Other States’ Production Increased Again in October
U.S. natural gas production, which had seen an uncharacteristic stumble in September, recovered in October, with the shale-rich “Other States” category once again helping to push the national total higher, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.
China Coal Company Affiliate Buys Into Marcellus Shale Venture
A private Denver-based company active for decades in the Appalachian Basin has entered a 50/50 joint venture to develop 25 horizontal wells in the Marcellus Shale play with a new player affiliated with China Shenhua Energy Co. — the world’s largest coal distributor and China’s largest coal producer.